• Democrats pick Tom Perez to lead party against Trump, Republicans

    Democrats pick Tom Perez to lead party against Trump, Republicans
    U.S. Democrats elected former Labor Secretary Tom Perez as chairman on Saturday, choosing a veteran of the Obama administration to lead the daunting task of rebuilding the party and heading the opposition to Republican President Donald Trump.Members of the Democratic National Committee, the administrative and fundraising arm of the party, picked Perez on the second round of voting after one of the most crowded and competitive party leadership elections in decades.Perez will face challenges in tr
  • OSI Systems (OSIS) Rides Record Profits Through A Middle East Storm

    OSI Systems (OSIS) Rides Record Profits Through A Middle East Storm
    OSI Systems released fiscal fourth-quarter results on August 20 that presented divergent narratives between profit margins and revenue performance. The company reported full-year revenue of $1.79 billion below its own guidance, with fourth-quarter revenue declining 4% year over year to $484 million. However, non-GAAP earnings per share reached a record $3.78 for the quarter, representing 17% growth, and full-year non-GAAP EPS climbed 11% to $10.35.
    The revenue shortfall traced primarily to appr
  • Nvidia adds more than $400 billion in value after blowout earnings boost AI confidence

    Nvidia adds more than $400 billion in value after blowout earnings boost AI confidence
    Nvidia shares climbed nearly 9% following the release of the company’s earnings results and forward guidance, driving approximately $440 billion in new market value. The stock’s performance marked a potential reversal of a pattern in which Nvidia’s shares had declined in the trading day immediately after earnings announcements across the four previous quarters, despite consistently meeting or surpassing expectations.
    Company leadership provided notable projections regarding fu
  • Investor competition for commercial real estate sees strongest growth in a year

    Investor competition for commercial real estate sees strongest growth in a year
    Commercial real estate markets experienced a significant increase in investor activity and bidding competition, according to data released Tuesday from JLL. June marked the strongest monthly improvement in property bidding over a 12-month period, while July registered the second-highest count of unique bidders in the index’s five-year history. Competition among lenders also reached levels well above previous records.
    The resurgence in investor interest reflects a substantial rise in avail
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  • FRIEND Soars Over 1,500% on Machi Big Brother’s $1M Friend.tech Buyout Offer

    FRIEND Soars Over 1,500% on Machi Big Brother’s $1M Friend.tech Buyout Offer
    The native token of Web3 social network Friend.tech experienced a dramatic price increase, rising more than 1,500% following a buyout proposal. The offer, valued at $1 million, came from Machi Big Brother, the trading pseudonym of Jeffrey Huang, a high-profile trader known for leveraged positions in cryptocurrency markets.
    Friend.tech launched on the Base blockchain in 2023 and began token trading in May 2024, when FRIEND reached an all-time high of $3.26 on May 3, 2024. However, the platform f
  • Daqo (DQ) Cuts Its Losses While Betting On An AI Pivot

    Daqo (DQ) Cuts Its Losses While Betting On An AI Pivot
    Daqo New Energy reported second-quarter results on August 20 that reflected diverging trends in its core business and strategic initiatives. Revenue reached $62.7 million, a significant increase from $26.7 million in the first quarter of 2026, following a resumption of normal sales activity in June. Accompanying the revenue growth were improvements across multiple loss metrics: gross loss narrowed to $82.7 million from $139.4 million, net loss declined to $81.2 million from $88.4 million, and E
  • Bank of England Handed New Legal Duty to Foster Stablecoin Innovation

    Bank of England Handed New Legal Duty to Foster Stablecoin Innovation
    The Treasury announced it would establish a new statutory “secondary objective” requiring the Bank of England to foster innovation in payments systems and digital money. The measure will be introduced as an amendment to the Financial Services and Markets Bill, scheduled for consideration by the House of Lords in September. Under the framework, the Bank’s primary responsibility for financial stability will remain unchanged, with the new objective positioned as subordinate to th
  • Enbridge Brings KKR and Apollo Into C$2.7 Billion Westcoast Pipeline Deal

    Enbridge Brings KKR and Apollo Into C$2.7 Billion Westcoast Pipeline Deal
    Enbridge announced a C$2.7 billion financing arrangement with investment firms KKR and Apollo targeting two expansion projects on its Westcoast natural gas pipeline network in British Columbia. The transaction provides private infrastructure capital to one of Western Canada’s key gas transportation systems.
    Under the terms, KKR-led capital accounts and funds managed by Apollo will finance the Aspen Point and Sunrise expansion programs. Upon completion of the Sunrise project, the investors
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  • CrowdStrike posts best day ever, Okta’s stock pops nearly 29% as rising AI threat lifts earnings

    CrowdStrike posts best day ever, Okta’s stock pops nearly 29% as rising AI threat lifts earnings
    CrowdStrike and Okta delivered strong earnings results that exceeded Wall Street expectations, prompting significant stock appreciation and broader gains across the cybersecurity sector. CrowdStrike’s shares climbed 20%, marking the company’s best trading day on record, while Okta’s stock advanced nearly 29%. Both companies raised their financial forecasts, attributing the positive outlook to mounting threats posed by artificial intelligence systems.
    CrowdStrike Chief Executiv
  • What Is an IPO and How Does It Work?

    What Is an IPO and How Does It Work?
    An IPO stands for Initial Public Offering. It is the moment a privately held company goes public and sells its shares on a stock exchange for the first time, opening them up to any investor.What does IPO stand for in business? Imagine your neighbor has built a thriving business. Until now, only close friends and private investors could buy a stake in it. Now the company is going public, and its shares trade freely on the secondary market, open to public investors.What is an IPO at its core? It i
  • XAU/USD: Elliott Wave Analysis and Forecast for 28.08.26–04.09.26

    XAU/USD: Elliott Wave Analysis and Forecast for 28.08.26–04.09.26
    Major Takeaways Main scenario: Consider long positions from corrections above 4,315.60 with a target of 4,900.00–5,610.00. A buy signal: the local correction ends and the price settles above 4,315.60. Stop Loss: below 4,245.00, Take Profit: 4,900.00–5,610.00. Alternative scenario: Breakout and consolidation below 4,315.60 will allow the asset to continue declining to the levels of 4,003.25–3,720.00. A sell signal: the level of 4,315.60 is broken to the downside. Stop Loss: abov
  • WTI Crude Oil: Elliott Wave Analysis and Forecast for 28.08.26–04.09.26

    WTI Crude Oil: Elliott Wave Analysis and Forecast for 28.08.26–04.09.26
    Major Takeaways Main scenario: Consider long positions from corrections above 80.00 with a target of 105.17–115.50. A buy signal: the price holds above 80.00. Stop Loss: below 78.50, Take Profit: 105.17–115.50. Alternative scenario: Breakout and consolidation below 80.00 will allow the asset to continue declining to the levels of 67.00–58.50. A sell signal: the level of 80.00 is broken to the downside. Stop Loss: above 81.50, Take Profit: 67.00–58.50.Main ScenarioConsider
  • Veeva Systems Q2 Earnings Call Highlights

    Veeva Systems Q2 Earnings Call Highlights
    Veeva Systems reported results for the quarter ended July 31, 2026, posting fiscal 2027 second-quarter revenue of $928 million and non-GAAP operating income of $416 million. Chief Executive Officer Peter Gassner stated that results surpassed the company’s prior guidance. The company’s leadership raised its full-year outlook following the strong performance.
    Commercial subscription revenue increased approximately 13% year over year, according to Chief Financial Officer Brian Van Wage
  • Stock market today: Dow, S&P 500, Nasdaq close lower, Nvidia stock jumps after earnings

    Stock market today: Dow, S&P 500, Nasdaq close lower, Nvidia stock jumps after earnings
    Major US stock indices finished lower on Wednesday amid mixed market sentiment. The Dow Jones Industrial Average declined 0.2%, while the S&P 500 and Nasdaq Composite slipped fractionally, reversing gains from the previous session.
    Inflation data released during the trading day showed the core Personal Consumption Expenditures Index rose 3.3% in July, matching expectations and remaining flat from the prior month. The reading came as markets awaited remarks from Federal Reserve Chairman Kevi
  • Sportswear giant closes 113 stores as shares plunge

    Sportswear giant closes 113 stores as shares plunge
    Dick’s Sporting Goods reported significant restructuring efforts tied to its September 2025 acquisition of Foot Locker for $2.5 billion. Through the second quarter of fiscal 2026, the company closed 113 store locations across its portfolio, with 110 of those closures occurring within the Foot Locker business. The company also opened stores during the period, including four within its Dick’s Sporting Goods business and 27 within Foot Locker, bringing total locations to 3,104 as of Au
  • Ooma Q2 Earnings Call Highlights

    Ooma Q2 Earnings Call Highlights
    Ooma, Inc. announced fiscal second-quarter 2027 results that surpassed company expectations across multiple financial metrics. Revenue reached $83.2 million, representing 25% growth compared to the prior-year period of $66.4 million. The company achieved non-GAAP net income of $0.35 per diluted share, an increase from $0.23 per diluted share in the comparable quarter, while adjusted EBITDA climbed to a record $12.4 million, reflecting 74% year-over-year growth and constituting 15% of total reve
  • Best Buy beats quarterly estimates and hikes its outlook, but stock falls

    Best Buy beats quarterly estimates and hikes its outlook, but stock falls
    Best Buy announced fiscal second-quarter results that exceeded Wall Street expectations and prompted the company to raise its financial outlook for the full year. The consumer electronics retailer reported comparable sales growth of 4.1% during the period, significantly outperforming its prior guidance of 1%. The company also achieved an adjusted operating income rate that came in higher than anticipated, driven by strength across major product categories with particularly strong performance in
  • Marvell shares tumble 8% as outlook underwhelms despite 37% revenue growth

    Marvell shares tumble 8% as outlook underwhelms despite 37% revenue growth
    Marvell Technology’s stock fell 8% in premarket trading following the release of its second-quarter financial results and updated guidance, despite the chipmaker posting stronger-than-expected revenue and raising its outlook for fiscal 2028. The decline reflected investor disappointment that the company’s raised guidance did not fully meet the elevated expectations that had built up ahead of the earnings announcement.
    The chipmaker reported second-quarter revenue of $2.7 billion, re
  • Gap shares jump 12% after company names new Old Navy CEO to revive struggling brand

    Gap shares jump 12% after company names new Old Navy CEO to revive struggling brand
    Gap Inc. announced a leadership change at Old Navy, naming Michael Francis as the brand’s new chief executive officer, effective November 2. Francis, who joined Old Navy as chief customer officer in May, will replace Haio Barbeito, who has led the division since 2022 and will transition to an advisory role. The retailer is making this move as Old Navy grapples with declining sales and customer traffic.
    Old Navy reported net sales of $2.1 billion in the fiscal second quarter, representing
  • Family offices are making a bullish bet on the stock market, according to CNBC Family Office Portfolio Tracker

    Family offices are making a bullish bet on the stock market, according to CNBC Family Office Portfolio Tracker
    Family offices substantially increased their allocation to stocks during the second quarter, shifting their investment strategies notably away from alternative assets, according to data from the CNBC Family Office Portfolio Tracker powered by Addepar.
    Stock holdings among single family offices rose to 37% of total portfolios in the second quarter, compared with 34% in the first quarter. This represented the largest quarter-on-quarter increase observed over the preceding three to four years. The
  • USD/JPY: Elliott Wave Analysis and Forecast for 28.08.26–04.09.26

    USD/JPY: Elliott Wave Analysis and Forecast for 28.08.26–04.09.26
    Major Takeaways Main scenario: once the correction has been completed, consider short positions below the level of 160.52 with a target of 151.76–148.92. A sell signal: the local correction ends and the price holds below 160.52. Stop Loss: above 161.10, Take Profit: 151.76–148.92. Alternative scenario: Breakout and consolidation above the level of 160.52 will allow the pair to continue rising to the levels of 163.90–166.50. A buy signal: the level of 160.52 is broken to the ups
  • GBP/USD: Elliott Wave Analysis and Forecast for 28.08.26–04.09.26

    GBP/USD: Elliott Wave Analysis and Forecast for 28.08.26–04.09.26
    Major Takeaways Main scenario: Consider long positions from corrections above 1.3516 with a target of 1.3870–1.4140. A buy signal: the price holds above 1.3516. Stop Loss: below 1.3470, Take Profit: 1.3870–1.4140. Alternative scenario: Breakout and consolidation below 1.3516 will allow the pair to continue declining to the levels of 1.3275–1.3140. A sell signal: the level of 1.3516 is broken to the downside. Stop Loss: above 1.3560, Take Profit: 1.3275–1.3140.Main Scenari
  • Gold Faces a New Reality. Forecast as of 28.08.2026

    Gold Faces a New Reality. Forecast as of 28.08.2026
    Gold has emerged as the main beneficiary of the Treasury's interventions in the debt market. It is less affected by the Treasury's attempts to manipulate the market to bring down Treasury yields. Bonds and the US dollar are suffering. Let's discuss this topic and make a trading plan for XAU/USD. Major Takeaways Gold is rising alongside Treasury yields. Treasury manipulation is supporting the precious metal. XAU/USD is facing a new reality. Buying gold with targets at $4,830 and $4,990 remai
  • EUR/USD: Elliott Wave Analysis and Forecast for 28.08.26–04.09.26

    EUR/USD: Elliott Wave Analysis and Forecast for 28.08.26–04.09.26
    Major Takeaways Main scenario: Consider long positions from corrections above 1.1564 with a target of 1.1790–1.2088. A buy signal: the price holds above 1.1564. Stop Loss: below 1.1520, Take Profit: 1.1790–1.2088. Alternative scenario: Breakout and consolidation below 1.1564 will allow the pair to continue declining to the levels of 1.1346–1.1200. A sell signal: the level of 1.1564 is broken to the downside. Stop Loss: above 1.1610, Take Profit: 1.1346–1.1200.Main Scenari
  • USD/CHF: Elliott Wave Analysis and Forecast for 28.08.26–04.09.26

    USD/CHF: Elliott Wave Analysis and Forecast for 28.08.26–04.09.26
    Major Takeaways Main scenario: Consider short positions from corrections below the level of 0.8132 with a target of 0.7755–0.7593. A sell signal: the local correction ends and the price holds below 0.8132. Stop Loss: above 0.8170, Take Profit: 0.7755–0.7593. Alternative scenario: Breakout and consolidation above the level of 0.8132 will allow the pair to continue rising to the levels of 0.8400–0.8600. A buy signal: the level of 0.8132 is broken to the upside. Stop Loss: below 0
  • USD/CAD: Elliott Wave Analysis and Forecast for 28.08.26–04.09.26

    USD/CAD: Elliott Wave Analysis and Forecast for 28.08.26–04.09.26
    Major Takeaways Main scenario: Consider short positions from corrections below the level of 1.3945 with a target of 1.3548–1.3400. A sell signal: the price holds below 1.3945. Stop Loss: above 1.3985, Take Profit: 1.3548–1.3400. Alternative scenario: Breakout and consolidation above the level of 1.3945 will allow the pair to continue rising to the levels of 1.4085–1.4250. A buy signal: the level of 1.3945 is broken to the upside. Stop Loss: below 1.3905, Take Profit: 1.4085&nda
  • Short-Term Analysis for Oil, Gold, and EURUSD for 28.08.2026

    Short-Term Analysis for Oil, Gold, and EURUSD for 28.08.2026
    Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The euro continues to correct lower.Major Takeaways USCrude: Oil has bounced off the trend boundary of 81.30–80.70. XAUUSD: Gold is trading above support A of 4,594–4,583. EURUSD: The euro is falling this week.Oil Price Forecast for Today:
  • Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 28.08.2026

    Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 28.08.2026
    Dear readers,I've prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on Elliott Wave analysis.Major Takeaways BTCUSD: A bullish correction (B) is expected to complete. Consider long positions with a Take Profit at 82,592.71. XRPUSD: A rise in impulse [C] of XX is projected. Consider long positions with a Take Profit at 1.694. ETHUSD: A rise in the fifth part of a bullish impulse is expected. Consider long positions with a Take Profit at 2,614.03.Elliott Wave Analysi
  • Treasury-Fed Tensions Put US Dollar at Risk. Forecast as of 28.08.2026

    Treasury-Fed Tensions Put US Dollar at Risk. Forecast as of 28.08.2026
    Before the 2008 global financial crisis, the Treasury handled debt management exclusively. The Fed's introduction of quantitative easing (QE) changed everything. Now, the Treasury wants to return to the old way. How will the central bank respond? Let's examine this issue and develop a trading plan for the EUR/USD pair.Major Takeaways A conflict has emerged between the Fed and the Treasury. An alliance between the two institutions could put significant pressure on the US dollar. The Fed is not a
  • Zoom Q2 FY2027 earnings beat but profit outlook disappoints

    Zoom Q2 FY2027 earnings beat but profit outlook disappoints
    Zoom Communications posted second-quarter financial results that exceeded consensus estimates, though forward guidance fell below Street expectations and pressured shares.
    The video communications platform reported $1.28 billion in second-quarter revenue, representing 4.9% year-over-year growth. The figure surpassed the consensus estimate of $1.27 billion. Adjusted earnings per share reached $1.55, exceeding the Street’s anticipated $1.48. However, the company’s outlook for the subs

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